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Nov 6, 2018
11/18
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behind me for the last five hours in focus today in connecticut is the election for governor between democrat ned lamont and republican bob stefanowsky the state is in an economic and budget crisis the last few years. thousands of residents fled the state, including some prominent hedge fund managers that also left he spoke with cnbc earlier, said policies under the current democratic governor malloy have driven many hedge funds out of the state. he plans to do away with state income taxes in the next 8 years in an effort to recruit and retain businesses into connecticut. >> we've had two of the largest tax kreincreases in the state ur dan malloy, and tax revenues are down it is only common sense we need to do the reverse, get the economy moving for ones still here, i say hang on if you have survived eight years of governor malloy, i am going to be pro-business, create a stable tax environment, provided a skilled work force fairfield county used to be a financial services hub we can get that back >> reporter: we requested an interview with his opponent, ned lamont, but couldn't make
behind me for the last five hours in focus today in connecticut is the election for governor between democrat ned lamont and republican bob stefanowsky the state is in an economic and budget crisis the last few years. thousands of residents fled the state, including some prominent hedge fund managers that also left he spoke with cnbc earlier, said policies under the current democratic governor malloy have driven many hedge funds out of the state. he plans to do away with state income taxes in...
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May 21, 2021
05/21
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connecticut is fully open for business, i assume >> connecticut is fully open for business look, we started opening a year ago for outdoor dining we never closed manufacturing. we never closed construction but now we've completed it indoor and outdoor retail dining no masks unless you're unvaccinated then you have to wear a mask indoors a little bit longer. >> tell me about this jobs program and why you're doing it. we have talked a lot in fact, a number of governors of other states have chosen to no longer give the additional supplement of 300 million in unemployment insurance saying it's not encouraging people to go back to work. is what you're doing something along those lines? >> we're giving $1,000 to the first 10,000 people that take the job. if you've been long-term unemployed a lot of people that are still sort of covid hesitant may need a nudge. we've expanded day care dramatically so it's easier for women to get back into the work force. and now is the time to give people an extra nudge to get back to work we need them, especially in restaurants and stores >> it's morgan i'm looki
connecticut is fully open for business, i assume >> connecticut is fully open for business look, we started opening a year ago for outdoor dining we never closed manufacturing. we never closed construction but now we've completed it indoor and outdoor retail dining no masks unless you're unvaccinated then you have to wear a mask indoors a little bit longer. >> tell me about this jobs program and why you're doing it. we have talked a lot in fact, a number of governors of other states...
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Nov 7, 2023
11/23
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so, all the states in the tri-state area, connecticut, new jersey, new york, pennsylvania, ohio, illinois, they all have older demographics. they have much lower job creation. so, unless they lower their home prices, they're not going to see activity. i think what you've seen is four years where people haven't really sold. the peak in existing home sales was back in 2005. so, people are -- have avoided selling their homes. that doesn't mean they can't. they just have to lower their prices. with higher rates, home values are worth less. i think over the next year, and this is going to be a multiyear phenomenon, you'll see a leg down in housing. that doesn't mean anything horrible for the consumer because, like i said, equity cushions are so big in the folks that own homes. as long as -- home values could go down. i'm not saying they will. home values could go down to pre-covid levels. that's a 40% move nationally. obviously, it varies state to state. everyone will be fine. as long as the avocado toast generation keeps their jobs, they'll be fine. i think the avocado toast generation could
so, all the states in the tri-state area, connecticut, new jersey, new york, pennsylvania, ohio, illinois, they all have older demographics. they have much lower job creation. so, unless they lower their home prices, they're not going to see activity. i think what you've seen is four years where people haven't really sold. the peak in existing home sales was back in 2005. so, people are -- have avoided selling their homes. that doesn't mean they can't. they just have to lower their prices. with...
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Dec 21, 2017
12/17
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it's going to be done in this country, west palm, connecticut. >> that's good >> isn't that good >> absolutely. >> try to find the fault in that he's making too many engines and he'll have to cut the price. >> they got past the engine problem, right >> the engine problem is fixed as of q2, it's fixed >> when we come back this morning, facebook under fire, again. this time for allowing for discrimination in job postings along with other companies got some details on that, coming up take another look at the pre-market six sessions left in the year. dow's currently best since '13, but if it can imagine just a few more tenths of a point, looking at the best year for the dow since 2003 back in a minute [ keyboard clacking ] [ click ] [ keyboard clacking ] [ clacking continues ] good questions lead to good answers. our advisors can help you find both. talk to one today and see why we're bullish on the future. yours. >>> facebook once again under fire, this time for job ads placed by dozens of companies aimed at certain age groups. a class action complaint alleging age discrimination has been filed i
it's going to be done in this country, west palm, connecticut. >> that's good >> isn't that good >> absolutely. >> try to find the fault in that he's making too many engines and he'll have to cut the price. >> they got past the engine problem, right >> the engine problem is fixed as of q2, it's fixed >> when we come back this morning, facebook under fire, again. this time for allowing for discrimination in job postings along with other companies got...
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Dec 28, 2023
12/23
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just on news today, the stock is up, but two senators from connecticut and massachusetts have written to elon musk, to tesla, calling on him to swiftly recall steering and suspension parts after an alarming report, they say, by reuters. this is the reuters investigation a few weeks ago that reported that the company allegedly blamed drivers' abuse for some of the failures of the components, despite knowing, in advance, that certain parts were flawed. so, this is blumenthal and markey, and they are expressing extreme concern, they say, about tesla vehicles. we'll see -- tesla's brushed off those sorts of headwinds before. >> it's very difficult to tell what's the real safety record of these cars, because they're still not a lot of them that are out there. >> they get great ratings, great safety ratings. >> their satisfaction ratings have not been as high. remember when it first came out, the original tesla came out years ago, consumer reports gave it a tremendous rating, and the numbers, the ratings numbers have come down since then, but look, the important thing is the retort about el
just on news today, the stock is up, but two senators from connecticut and massachusetts have written to elon musk, to tesla, calling on him to swiftly recall steering and suspension parts after an alarming report, they say, by reuters. this is the reuters investigation a few weeks ago that reported that the company allegedly blamed drivers' abuse for some of the failures of the components, despite knowing, in advance, that certain parts were flawed. so, this is blumenthal and markey, and they...
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Dec 16, 2021
12/21
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new york city we still have ample supply, but other places like connecticut and balm peach there's a lack of supply rates are going to go up the fed announced that that's going to happen, and that's going to have an impact covid is still something that impacts us, and those are the unknowns we know this, people believe in the home buying process. they want to have a home it's important to them and we've seen that in 2021 and i think you're going to continue to see that in '22 i think it is going to be a little bit like the roaring '20s the bonuses were the biggest they've been since before lehman borders are open it's incredible what's going to be for 2022 in my opinion. >> yeah. we're getting reports of bonuses awfully large increases year on year we'll see what happens bess, we'll check in with you soon good to see you again. >> thanks, carl. you too, take care, be well. thank you. >> still to come still to come on she show, we'll talk to the ceo of sony pictures one of the biggest films of the year "spiderman no way home" hits theatershiween ts ekd. of course that starts in the ne
new york city we still have ample supply, but other places like connecticut and balm peach there's a lack of supply rates are going to go up the fed announced that that's going to happen, and that's going to have an impact covid is still something that impacts us, and those are the unknowns we know this, people believe in the home buying process. they want to have a home it's important to them and we've seen that in 2021 and i think you're going to continue to see that in '22 i think it is...
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May 17, 2017
05/17
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he's headed to the coast guard academy in connecticut where he'll be giving the commencement address. they say that the president -- it is possible could speak to reporters on the plane, but that is not expected as of right now. they say they're simply going to try to focus on the business at hand here in terms of the budget. tax cuts, the other agenda items that this president wants to accomplish. that's going to be difficult with all of this swirling around them. senator john thune said that this white house is simply on the wrong track. here's what he said. >> we want to make sure we get this train back on the track. the president is the person best positioned to do that and he needs to keep his focus on the things that the american people elected him to do. >> so this white house is dealing with two simultaneous scandals. one over whether or not the president pressured the fbi director to drop that flynn investigation as we were just discussing. the other one is whether or not the president inadvertently put out intelligence -- sensitive intelligence in his conversation with the r
he's headed to the coast guard academy in connecticut where he'll be giving the commencement address. they say that the president -- it is possible could speak to reporters on the plane, but that is not expected as of right now. they say they're simply going to try to focus on the business at hand here in terms of the budget. tax cuts, the other agenda items that this president wants to accomplish. that's going to be difficult with all of this swirling around them. senator john thune said that...
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Aug 10, 2020
08/20
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say this will end up to be a huge tax bill because so many of the guys are working in the hamptons, connecticut, and elsewhere and they won't pay that tax >> thank you >> shares of mgm are soaring this morning after iac has accumulated a 12% stake in the company. this is fascinating and were very happy to be joined by joey right now. i'm reading your letter. can you hear me by the way >> yeah, you take a 12% stake in the open market. you're focused on trying to get mgm to focus the opportunity on online gaming, if i put another name on this letter, elliott or something else, it would read like a activist letter >> no, i think they're doing a wonderful job focusing on online gaming they're trying to focus more on online gaming and that's where we're excited about it we think bill is a great leader with the right vision for the company, and that they're pushing into digital >> did you talk to the board before you started to accumulate took >> we told them all along what we're doing. >> you told them all along what you were do. what are you doing >> we like the company, the opportunity, the sidze
say this will end up to be a huge tax bill because so many of the guys are working in the hamptons, connecticut, and elsewhere and they won't pay that tax >> thank you >> shares of mgm are soaring this morning after iac has accumulated a 12% stake in the company. this is fascinating and were very happy to be joined by joey right now. i'm reading your letter. can you hear me by the way >> yeah, you take a 12% stake in the open market. you're focused on trying to get mgm to...
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Dec 29, 2017
12/17
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to deductions which unfairly impacts blue states such as new york and california and new jersey and connecticut this as president trump tells the "new york times," he quote made the cuts, quote, less severe here's more on a story very close to home for a number of us here. >> david, president trump did seem a little retrospective and appeared to express regret in the gop tax plan that no limit will take effect starting january 1st and created a lot of confusion, particularly in president trump's own home state of new york. the president said democrats were the one to blame for this he said quote, if i did something bipartisan, i would have done something with salt. he went on to say if republicans and democrats had worked together, he would have gone to senate majority leader mitch mcconnell and asked for either a change to salt or knockout of salt this provision could prompt some legal challenges andrew cuomo questioning the constitutionality of the tax plan he told cnbc there's a disproportionate impact on blue states >> the way they financed it was by rating the blue states. why? because the
to deductions which unfairly impacts blue states such as new york and california and new jersey and connecticut this as president trump tells the "new york times," he quote made the cuts, quote, less severe here's more on a story very close to home for a number of us here. >> david, president trump did seem a little retrospective and appeared to express regret in the gop tax plan that no limit will take effect starting january 1st and created a lot of confusion, particularly in...
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Jan 14, 2016
01/16
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made here, keep in mind, they were in connecticut for 40 years. this is going to be a long-term play for them and i believe for us as well. >> what would you say to critics, governor, that would say, look, that could be $100 million. that money could be spent building roads and bridges and other pieces of infrastructure that would help boston citizens and the budget. instead, it is going to corporate america. >> it is going to the eighth largest corporation in the country, which is going to bring 800 people here, including 600 digital and technology executives along with it. plus, all of the intellectual capital and real private capital that a company like ge can bring to the table. i guarantee you, they are going to be companies that might not be thinking about coming to boston that may not know about how much the innovation sector has grown over the past decade. we are going to take a fresh look at eastern massachusetts and as boston as a potential location for them. all of us view this as a huge opportunity for a big return on investment over t
made here, keep in mind, they were in connecticut for 40 years. this is going to be a long-term play for them and i believe for us as well. >> what would you say to critics, governor, that would say, look, that could be $100 million. that money could be spent building roads and bridges and other pieces of infrastructure that would help boston citizens and the budget. instead, it is going to corporate america. >> it is going to the eighth largest corporation in the country, which is...
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Oct 11, 2013
10/13
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however, connecticut has got it right, it would appear. we will go and talk to the ce f of -- ceo of starbucks. he is circulating a at the pe ti -- petition to stop the washington gridlock. we'll talk to him live here on cnbc. >>> welcome back to "squawk on the street." micron shares are getting hit in early trading after the maker of computer memory chips that missed margins on sales that beat. now, micron shares had been up around 175% so far year to date entering today's trade. so, simon, certainly shares to watch. back over to you. >> thank you, dominic. >> from health care to the debt ceiling, former ceo janet welch of general electric sounding off on the lack of a clear message out of washington. >> i would not let the republicans market an ipad. >> yes. so we're asking what product would you want congress to market? tweet us @squawkstreet. >> you may have heard about survivalists prepare are for a nuclear bomb but what about preparing for the debt ceiling? we'll meet some of them when we come back. with my united mileageplus explore
however, connecticut has got it right, it would appear. we will go and talk to the ce f of -- ceo of starbucks. he is circulating a at the pe ti -- petition to stop the washington gridlock. we'll talk to him live here on cnbc. >>> welcome back to "squawk on the street." micron shares are getting hit in early trading after the maker of computer memory chips that missed margins on sales that beat. now, micron shares had been up around 175% so far year to date entering today's...
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Jan 6, 2010
01/10
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he said i'm going to appeal to the connecticut voters because i want the job. he did talk about his intentions to run. as i said, he'll be holding a news conference at 2:30 p.m. eastern time. i don't know the difference between official and nonofficially. our guest host, you're going to keep on keeping on fighting the good fight. it's tough. >> absolutely. well, two things i'd summarize. first, health care. this is not health care reform. this is health care costs. on this coverage expansion it's probably not going to be cost neutral. it's definitely not fiscally responsible. we need real health care reform that controls costs. we need some sort of future task force or commission to deal with the structural problems that threaten our future and we need it early in 2010. >> and you should head it up. >> you'll come back here soon. david walker, that's it for us today. be sure to join us tomorrow. time for "squawk on the street." >>> live from the financial capital of the world, this is "squawk on the street." good morning, everybody. i'm mark haines. >> and i'm
he said i'm going to appeal to the connecticut voters because i want the job. he did talk about his intentions to run. as i said, he'll be holding a news conference at 2:30 p.m. eastern time. i don't know the difference between official and nonofficially. our guest host, you're going to keep on keeping on fighting the good fight. it's tough. >> absolutely. well, two things i'd summarize. first, health care. this is not health care reform. this is health care costs. on this coverage...
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Dec 21, 2012
12/12
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connecticut governor dannell ma malloy to ring their bells. the nasdaq with a moment of silence prior to the actual trading day. >>> the bell has rung. over at the nasdaq, intest corporation, temperature management's products for semiconductors. no surprise here at the open, the nasdaq is now down almost 2%. 1.8%, the loss at this early hour. shares of apple are down 2%. across the board pretty much. these are sharp losses, jim. >> i would point out, if you want a stable situation, sussex petroleum is a limited partnership that gives you great yield. i'm looking for people to be able to pullback and say, listen, what is safety here? is safety pepsico, general mills, safety yield? or because we go over the fiscal cliff, yield doesn't have the same value. i'm trying to figure out right now in realtime what this market is telling us. what it's telling us is we're not done going down. if boehner throws more lighter fluid on the situation, if not actual high octane, then i think we go take another dip down. >> yeah. we're seeing very steep losses,
connecticut governor dannell ma malloy to ring their bells. the nasdaq with a moment of silence prior to the actual trading day. >>> the bell has rung. over at the nasdaq, intest corporation, temperature management's products for semiconductors. no surprise here at the open, the nasdaq is now down almost 2%. 1.8%, the loss at this early hour. shares of apple are down 2%. across the board pretty much. these are sharp losses, jim. >> i would point out, if you want a stable...
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Aug 16, 2016
08/16
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. >> reporter: steve cohen, the money manager based in stanford, connecticut, has settled charges from the cftc, the commodity futures trading commission, but essentially parallel sec charges made year ago he failed to supertize matthew martomer, a portfolio manager who focused on pharmaceutical stocks and was convicted of insider trading is serving a sentence for that. cohen, settling the charges that mimic the sec charges without admitting or denying any wrongdoing, however he's barred from supervising a registered party, that would essentially be a hedge fund or an employee of a hedge fund that accepts public money from now until the end of 2017. again, a very similar settlement to what he entered into with the sec. so essentially, he's still barred from accepting public money or supervising somebody who trades under cftc regulations until early 2018, but at that point, we could see him reaccepting public monif ey he chooses to go that route. this seems to resolve the legal matters against cohen, but another development in his long time hedge you understand. >> kate, thank you. >> a
. >> reporter: steve cohen, the money manager based in stanford, connecticut, has settled charges from the cftc, the commodity futures trading commission, but essentially parallel sec charges made year ago he failed to supertize matthew martomer, a portfolio manager who focused on pharmaceutical stocks and was convicted of insider trading is serving a sentence for that. cohen, settling the charges that mimic the sec charges without admitting or denying any wrongdoing, however he's barred...
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Feb 8, 2013
02/13
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we're joined this morning by connecticut senior senator richard blumenthal. good morning. >> good morning. >> state of emergency, looks like the roads are going to be subject to closure beginning in 45 minutes essentially. we all remember how the utilities got hammered during sandy. i wonder how you think this is going to compare to that? >> i'm very much hoping they will do a better job than they did during sandy which was a better job than they'd done during the previous storm. but they still have to prove that they can really meet this test. we're going to be watching very closely, not only for how they perform but how quickly they restore service and the kinds of costs that we see to our business community as a result of any outages and stoppages in power. so they still have to perform better than they did last time. >> obviously it hasn't been very long since sandy. just rebounding from that has taken a lot of effort. but have you seen hard evidence of lessons they've learned or methods they've changed as a result of that experience? >> they've certainly
we're joined this morning by connecticut senior senator richard blumenthal. good morning. >> good morning. >> state of emergency, looks like the roads are going to be subject to closure beginning in 45 minutes essentially. we all remember how the utilities got hammered during sandy. i wonder how you think this is going to compare to that? >> i'm very much hoping they will do a better job than they did during sandy which was a better job than they'd done during the previous...
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Feb 6, 2015
02/15
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even connecticut was not contiguous to any of our other properties. if you think about the telecom infrastructure there's really no economies of scale you get from having markets side by side. it works very differently in our business compared to other businesses say like the cable industry. so we have over a thousand employees in greater dallas area today because we have call center, we have network operations in texas, and down in florida where we're purchasing the entire city of tampa and the suburbs around it we have over a thousand employees in deland florida, which is not very far away again with call centers and support senters. and in california we've done business for many years. we have a number of markets already in california so we have a lot of history in that state as well. >> you've chosen to go the route of equity issuance here in terms of helping to finance the deal. why that as opposed to perhaps taking on even more debt and just paying for it that way? >> well, we wanted to keep our leverage ratio the same. we wanted to make sure th
even connecticut was not contiguous to any of our other properties. if you think about the telecom infrastructure there's really no economies of scale you get from having markets side by side. it works very differently in our business compared to other businesses say like the cable industry. so we have over a thousand employees in greater dallas area today because we have call center, we have network operations in texas, and down in florida where we're purchasing the entire city of tampa and...
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Dec 18, 2013
12/13
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and people think of connecticut as north of new york, but 48% of the state is rural. that's a sweet spot for us. in addition to that, we run markets today where we have video assets just like uverse, so we have very good experience in being able to drive penetration and market share where we do business. the nice thing about this acquisition is this is our basic business. we're not buying any assets that we don't know about or know how to operate. and we know how to convert and integrate. we're very good at that. with the verizon acquisition, we exceeded the synergies by $150 million, or 30%. so we think the synergies coming out of this deal, $125 million, plus $75 million day one of costs go away based upon at&t allocations. it's a very good deal for our shareholders, and it's prime real estate in a market where we've been headquartered for over 70 years. >> right. no, you're a longtime connecticut resident, that being frontier. appreciate your time. maggie, chairman and ceo of frontier communications. >> thanks, david. >>> when we come back, we'll step inside the sq
and people think of connecticut as north of new york, but 48% of the state is rural. that's a sweet spot for us. in addition to that, we run markets today where we have video assets just like uverse, so we have very good experience in being able to drive penetration and market share where we do business. the nice thing about this acquisition is this is our basic business. we're not buying any assets that we don't know about or know how to operate. and we know how to convert and integrate. we're...
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Jul 15, 2009
07/09
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we weren't satisfied with the research out there and went out and partnered with university of connecticut to really bring tha research up-to-date and find its way into this product today. >> what's the rick if it doesn't work out? >> no real risk. we're able to scale. you mentioned being nimble.. that's what it's all about at underarmour. we can scale it as it grows and help it in its early introduction phase and as it reaches new customers scale it to provide to all athletes. >> thanks for joining us this morning. erin, back to you. >> thank you very much. >>> so you convinced? that's going to launch, get that? >> matt wants everything. >> coming up, breaking news on oil. why didn't darin put that on, i want to know? >> because he doesn't look at >> because he doesn't look at good in it as i do. can give youe financial advice you need? where will you find the stability and resources to keep you ahead of this rapidly evolving world? these are tough questions. that's why we brought together two of the most powerful names in the industry. introducing morgan stanley smith barney. here to re
we weren't satisfied with the research out there and went out and partnered with university of connecticut to really bring tha research up-to-date and find its way into this product today. >> what's the rick if it doesn't work out? >> no real risk. we're able to scale. you mentioned being nimble.. that's what it's all about at underarmour. we can scale it as it grows and help it in its early introduction phase and as it reaches new customers scale it to provide to all athletes....
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Sep 25, 2009
09/09
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>> yep. >> you're connecticut? >> yes. >> first word goes to brian. brian, is the dollar the new yen or are we going to be the carry trade carrier? >> for the time being, it is. u.s. short rates are very, very low. they briefly dip below japanese rates last week. so the dollar is extremely cheap to borrow in. for that reason it is a funding currency for the risk trade. i don't expect that to turn around materially until sometime middle of 2010 when the fed begins to indicate that it's going to move to a tighter policy. >> and peter, i assume you don't think the dollar will strengthen until sometime in the next millennium. >> i don't know when it's going to strengthen. the dollar is not the new yen. unfortunate lit it's the new peso. from the perspective of being a funding currency for carrying trades, absolutely. the yen carry trade is over. the new japanese government is talking about the benefits of a strong yen for the domestic economy. the rate differentials that were keeping in yen in check is not there. the yen has gone higher. the dollar is goi
>> yep. >> you're connecticut? >> yes. >> first word goes to brian. brian, is the dollar the new yen or are we going to be the carry trade carrier? >> for the time being, it is. u.s. short rates are very, very low. they briefly dip below japanese rates last week. so the dollar is extremely cheap to borrow in. for that reason it is a funding currency for the risk trade. i don't expect that to turn around materially until sometime middle of 2010 when the fed begins...
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Dec 18, 2012
12/12
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we'll talk with richard blumenthal fortunately connectic from connecticut right after this. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. >>> private equity firm cerberus is going to sell its stake in the firearms maker. good morning, mary. >> good morning. they are reconsidering its relationship with cerberus. the reason being, the country largest gun manufacturer and the maker of the assault rifle used in friday's newtown massacre, the ar-15 bushmaster. cerberus said they are shocked and deeply saddened by the shootings in newtown adding that it's not the private equity firm's job to take positions on the now revived talks on gun control. instead, they are deciding on another course of action. to sell freedom group and return money to investors, fulfilling its obligations to clients without being withdrawn to the national debate with the former charter and public responsibility to do so. known for past investments and troubled companies like chrysler, they have strong ties to washington, d.c. john snow is its chairman and dan qua
we'll talk with richard blumenthal fortunately connectic from connecticut right after this. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. >>> private equity firm cerberus is going to sell its stake in the firearms maker. good morning, mary. >> good morning. they are reconsidering its relationship with cerberus. the reason being, the country largest gun manufacturer and the maker of the assault rifle used in friday's newtown massacre,...
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Feb 11, 2013
02/13
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new york, over 2,000 with power out. 1,600 in connecticut. carl, i can tell you, folks in long island, socked by sandy, will be watching the clock to see how long it will take for them to get back online. >> yeah, the confluence really, even though they were separated by some months, those two storms, incredible. thanks a lot, bertha. >>> a massachusetts utility on power restoration efforts on the cnbc newsline is mike duran with penn star serving more than 1 million customers in massachusetts, including the boston area. mike, good morning to you. >> good morning. >> report card this morning? >> well, fortunately we've made great progress since yesterday. we lowered the number of customers without power by about 100,000. we still have roughly 85,000 customers without power now. so there's a long way to go. we're concentrating our efforts in the areas in massachusetts along the south shore, cape cod and in the greater new bedford area. that's where most of the outages are right now. >> are the recovery efforts at all affected by sandy, which a
new york, over 2,000 with power out. 1,600 in connecticut. carl, i can tell you, folks in long island, socked by sandy, will be watching the clock to see how long it will take for them to get back online. >> yeah, the confluence really, even though they were separated by some months, those two storms, incredible. thanks a lot, bertha. >>> a massachusetts utility on power restoration efforts on the cnbc newsline is mike duran with penn star serving more than 1 million customers in...
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Nov 20, 2009
11/09
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in connecticut, home of the hedge fund and insurance industries, despite a bump up in jobs last month. unemployment jumped nearly half a point to 8%. and that, after september's numbers, were revised higher. as i mentioned, the home state of hedge funds and insurers of financial service jobs declined for a seventh straight month. we've got much more coverage on this state numbers on cnbc.com. but right now, let's move to the cross roads of the west. that's where scott cohn is. that's where the economy has been fairing better. but, scott, better is a relative term. >> absolutely, bertha. the view from here is spectacular in salt lake city. the economy, not so much. this is a state that does very, very well economically. when we do our study every year of america's top states for business, utah is a perrenial topper former. as you head around downtown salt lake city, there are people at work. there's construction going on down town, active residential and commercial construction. and the health care sector, which is very important to this state, remains very strong. it's one of the few
in connecticut, home of the hedge fund and insurance industries, despite a bump up in jobs last month. unemployment jumped nearly half a point to 8%. and that, after september's numbers, were revised higher. as i mentioned, the home state of hedge funds and insurers of financial service jobs declined for a seventh straight month. we've got much more coverage on this state numbers on cnbc.com. but right now, let's move to the cross roads of the west. that's where scott cohn is. that's where the...
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May 4, 2010
05/10
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peter alexander is live in bridgeport, connecticut, which is where the suspect lived. peter? >> reporter: mark, good to visit with you right now. the suspect was a 30-year-old, his name was faisal shahzad, he lived on this very block right here. even as we speak to you right now, investigators, remember the fbi and police, also members of the joint terrorism task force are inside that home. they're looking for any possible evidence. they are wearing those white suits for evidence gathering, trying to find anything that would further tie him to this intended bomb attack on times square saturday night. we're learning some new details about the suspect himself. he was or is an american citizen who was born in pakistan. as we noted, 30 years old, with at least, according to one neighbor, the former home where he lived in shelton, he is a father, he's married with a young daughter and a young son and according to that neighbor, she says that faisal shahzad told her husband he worked on wall street, came into the city each day and that may have explained why he had some familiarity
peter alexander is live in bridgeport, connecticut, which is where the suspect lived. peter? >> reporter: mark, good to visit with you right now. the suspect was a 30-year-old, his name was faisal shahzad, he lived on this very block right here. even as we speak to you right now, investigators, remember the fbi and police, also members of the joint terrorism task force are inside that home. they're looking for any possible evidence. they are wearing those white suits for evidence...
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Dec 17, 2012
12/12
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we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionaires. could this be the tipping point. moving the talks beyond deadlock. >> a big week for earnings. yes, earnings. fedex, research in motion among the companies reporting. so finally maybe we'll be talking about fundamentals in the stock market more than just the cliff. we've got to talk about apple reversing its move lower this morning, sold more than 2 million iphone 5s in china. the best debut for any iphone in the china market. apple shares are higher as we
we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and...
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Aug 3, 2016
08/16
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joining us is matt kuchar from the travellers championship in connecticut. >> good morning. thank you for having me on. >> we have to start with the fact that the top four ranked golfers in the world will not be attending the olympic games in rio. how much does that take away from the big event? >> it's a bit of a shame but the event is going to go on very well and be an exciting event. when somebody is crowned with the gold medal it will be an amazing moment and something they look back on thinking what a great experience to be an olympic athlete and have a chance to win a gold medal. it will be thought of as a fantastic event. >> i wonder if it will help boost the profile of golf. do you think it will help with that? >> it will help with worldwide growth. golf is a relatively new game. a bit of an obscure game. the game of golf is strong. the game is in great hands with the best tour players and there's so many great avenues they're doing so well here. getting people into golf. i have two boys that are 7 and 8 and they did the drive chip and putt yesterday here and what a
joining us is matt kuchar from the travellers championship in connecticut. >> good morning. thank you for having me on. >> we have to start with the fact that the top four ranked golfers in the world will not be attending the olympic games in rio. how much does that take away from the big event? >> it's a bit of a shame but the event is going to go on very well and be an exciting event. when somebody is crowned with the gold medal it will be an amazing moment and something...
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Nov 2, 2012
11/12
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that's new jersey, new york, connecticut, for example, and, secondly, i don't think anybody is blaming the president for any of those complications. certainly chris christie, the keynote speaker at the republican convention this year, is not blaming the president. to the contrary, he's praising the president's leadership. that's an asset for president obama. i don't know how big of an asset. i wouldn't expect it to change a lot of votes but the president is certainly not being hurt by this. >> john, appreciate that. we'll come back to you a lot over the next i think 100 or so hours before the polls close on election night. quick check on the markets, number was good but the markets do not like it. dow down 42, gold having its worst day in four months, down almost 2%. we're back after the break. ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. le
that's new jersey, new york, connecticut, for example, and, secondly, i don't think anybody is blaming the president for any of those complications. certainly chris christie, the keynote speaker at the republican convention this year, is not blaming the president. to the contrary, he's praising the president's leadership. that's an asset for president obama. i don't know how big of an asset. i wouldn't expect it to change a lot of votes but the president is certainly not being hurt by this....
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Nov 30, 2009
11/09
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. >> the ex-pat story here, you're from connecticut. you've been here a year and a half? >> a year and a half. >> people at home, as you know, were obsessed earlier this year with the whole people ran up their credit cards, you could go to jail here so they would run to the airport and leave their car and flee. i know there was a certain degree of that. how do you describe it now though? you chose to stay. >> i chose to stay. i think it's highly over-played. i think my mother forwarded me that e-mail about five times. >> what about the cars? >> the one about the cars being left there. that happened about 40 people e-mailed me the same thing. and what we see, i think, is totally different, while there are definitely issues i think the issues are not unique to the region. so i think that we're seeing a lot of people that i work with are colleagues of mine, hiring again. and so these are in the investment community, financial services community, logistics community. i think we see that there are a lot of other things outside of the headlines that we're getting that are doing
. >> the ex-pat story here, you're from connecticut. you've been here a year and a half? >> a year and a half. >> people at home, as you know, were obsessed earlier this year with the whole people ran up their credit cards, you could go to jail here so they would run to the airport and leave their car and flee. i know there was a certain degree of that. how do you describe it now though? you chose to stay. >> i chose to stay. i think it's highly over-played. i think my...
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Jul 16, 2009
07/09
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joining us for the cnbc edge in stanford, connecticut, my colleague, chairman of holland and company, owner of the tunnel and in philly, if you're lucky, he gives himself the 6:00 to 8:00 a.m. shift. so if you're lucky. go through the tunnel at that hour, he might take your money. in philly, shawn clark at clark capital management. start with shawn. where are we headed here? head & shoulders was a bust? now we're going back up, or this is a head fake and we're going back down? what? >> yeah. that pattern that most technicians were talking about, the head and shoulders pattern, if it held it probably would have indicated that we would go down to 800 on the s&p 500. we saw 875 break. triggered a bunch of stops and real quickly, this week, monday, a little rally tuesday and then big advance yesterday. i think almost invalidated that pattern. i'd like to see the s&p get above 930 and hold. if it does that, i think we then look for the june 12th highs of 956. i would expect those to be penetrated to the upside. then i think that -- >> wait a minute, wait a minute, wait a minute. this is wa
joining us for the cnbc edge in stanford, connecticut, my colleague, chairman of holland and company, owner of the tunnel and in philly, if you're lucky, he gives himself the 6:00 to 8:00 a.m. shift. so if you're lucky. go through the tunnel at that hour, he might take your money. in philly, shawn clark at clark capital management. start with shawn. where are we headed here? head & shoulders was a bust? now we're going back up, or this is a head fake and we're going back down? what?...
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Nov 7, 2012
11/12
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we're looking at southern connecticut and there are several factors with this storm. let's zero in and you can see that there is not just rain but some of the purple areas that we're showing you right here actually and right outside our studios yesterday what you're looking at here are the trees with leaves. it will bring down branches in the act same spots that already lost power last weekend this could be a major issue. heavy rain and snow will be in the cards in addition to coastal flooding in boston and in addition to the wind damage coming up from long island. it's no sandy but the snow could become a very big story this afternoon and we'll follow it every step of the way. >> todd, thank you so much. todd gross back at headquarters. >>> when we come back, apple is off of the all-time highs. we'll bring back one bullish analyst to see if this changes his tune or not. and we're staying on top of the major decline. the dow is down more than 300 points and the index has not fallen more than 300 in more than a year. november 21st, 2011. back in a moment. >>> now to ap
we're looking at southern connecticut and there are several factors with this storm. let's zero in and you can see that there is not just rain but some of the purple areas that we're showing you right here actually and right outside our studios yesterday what you're looking at here are the trees with leaves. it will bring down branches in the act same spots that already lost power last weekend this could be a major issue. heavy rain and snow will be in the cards in addition to coastal flooding...
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Apr 26, 2016
04/16
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pennsylvania, delaware, connecticut, rhode island and here in maryland and silver spring outside east silver spring elementary school which is a place one of my daughters went to school a few years ago. we've had voters trickling in across montgomery county today. you can see a lot of support for bernie sanders, a significant amount for hillary clinton. and even though this is a democratic county, for donald trump. take a listen to some of these voters. >> a lot of domestic issues hillary hasn't really addressed so that's what attracts me more to bernie sanders. >> i was very anti-hillary when i was younger, but i've warmed to her over the years. i mean, i'm not -- i don't feel passionately about her unfortunately. i mean, i have kind of mixed feelings. but in the long run i just think she would do a better job. >> vote for trump. i mean, ain't no secret. i think he's about the best so far i've seen the rest of them blowing off steam. they don't know what they're talking about. >> reporter: now, of course donald trump that gentleman couldn't vote for him because he's a registered demo
pennsylvania, delaware, connecticut, rhode island and here in maryland and silver spring outside east silver spring elementary school which is a place one of my daughters went to school a few years ago. we've had voters trickling in across montgomery county today. you can see a lot of support for bernie sanders, a significant amount for hillary clinton. and even though this is a democratic county, for donald trump. take a listen to some of these voters. >> a lot of domestic issues hillary...
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Jun 3, 2014
06/14
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his waterfront mansion in fairfield, connecticut, on the market for $62 million. it's 13,000 square feet. 17 bedrooms, 20 acres and the tax bill, $579,000 a year. coming in at number one, the biggest property taxpayer in the tri-state area is ira renner. his 64,000 square foot home has a market value of $247 million. it's on 63 acres. 29 bedrooms, 39 bathrooms and 30,000 square feet of outbuildings. his annual property taxes, $649,281. his taxes are a bargain compared with some folks in california. property shark says massa son of softbank on the hook for $1.28 million in property taxes for his silicon valley pad and petra eckel stone pays over a million a year and gary rennic pays $971,000 a year in taxes. this is a tax we don't often talk about but if you have a big house, it can add up. guys? >> you know what they say f you to ask what the taxes are going to be. >> those are stunning numbers. thanks a lot, robert frank at hq. >> when we come back, gary bettman joins us live. we'll talk about rangers/kings, stanley cup final and hear what he has to say about the
his waterfront mansion in fairfield, connecticut, on the market for $62 million. it's 13,000 square feet. 17 bedrooms, 20 acres and the tax bill, $579,000 a year. coming in at number one, the biggest property taxpayer in the tri-state area is ira renner. his 64,000 square foot home has a market value of $247 million. it's on 63 acres. 29 bedrooms, 39 bathrooms and 30,000 square feet of outbuildings. his annual property taxes, $649,281. his taxes are a bargain compared with some folks in...
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Oct 15, 2013
10/13
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it's much bigger than two senators who are here from connecticut. senator from -- we have the senator who's chairman of the budget committee, murray. it's bigger than her. it's bigger than the senior senator from new york, senator schumer, who's on this floor. mr. president, we have to start working together for our country. that's what we've been trying to do. this is so disappointing. on the eve of financial destruction for this great country, and that's what it is. to appease a small group of people over there. i'm so disappointed. >> senator neil for a question. >> i would be happy to. >> i'd like to ask the senator, majority leader, through the chair, one of the key elements in this new proposal from speaker boehner is to diminish this president's authority to deal with a default on our national debt. this authority -- so-called extraordinary measures, or emergency measures -- gives to presidents, going back to president kennedy, the wherewithal through the treasury department to try to avoid an economic disaster, which could impact families, b
it's much bigger than two senators who are here from connecticut. senator from -- we have the senator who's chairman of the budget committee, murray. it's bigger than her. it's bigger than the senior senator from new york, senator schumer, who's on this floor. mr. president, we have to start working together for our country. that's what we've been trying to do. this is so disappointing. on the eve of financial destruction for this great country, and that's what it is. to appease a small group...
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Mar 23, 2017
03/17
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i don't want to go to connecticut to see my doctor. i want to go to kansas. >> yeah, i guess the assumption is that the market would eventually work that out if it were actually a free market. madame secretary, thanks so much for joining us. we really appreciate it on this pivotal day when we wait u wait to see if they actually do indeed vote on this bill. secretary sebelius. >> good to be with you. thanks. >> let's send it to sue herera with your cnbc news update at this hour. good morning, sue. >> good morning, mike. here's what's happening at this hour everybody. the house set to vote on the gop health care plan later today. last night speaker paul ryan meeting with a group of moderate republicans in the speaker's office. president trump will meet with members of the freedom caucus later this morning. members of britain's parliament observing a minute of silence this morning to remember those killed in the terror attack yesterday. british police have carried out raids and arrested eight people in connection with the attack, which ki
i don't want to go to connecticut to see my doctor. i want to go to kansas. >> yeah, i guess the assumption is that the market would eventually work that out if it were actually a free market. madame secretary, thanks so much for joining us. we really appreciate it on this pivotal day when we wait u wait to see if they actually do indeed vote on this bill. secretary sebelius. >> good to be with you. thanks. >> let's send it to sue herera with your cnbc news update at this...
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Feb 1, 2016
02/16
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malloy is connecticut. >> he's a republican. >> i know, i get all those guys mixed up. >> larry, it's david -- >> o'malley could be a spoil er in that race. >> getting back to republican candidates, what is your take on trump for criticizing nabisco for moving nabisco to mexico -- whi >> which is not true. >> yes, which is not true. when you talk about free markets, is he somebody you would support? >> look, i have endorsed his business tax cut plan. i also like his personal plan. but mostly i like his 15% corporate tax rate, david. i think that's a home run. see, jeb bush has 20, that's good, today. donald is at 15. i think that will take care of a lot of the unfair trading. the capital flows back to the united states. i've said that to him. he believes he's got to negotiate tough, particularly with china. also japan and mexico. more so china. i've said to him on the radio interview, i said, donald f you're 15%, all the money will come here. you don't need a tariff. you don't need to punish it, you're only hurting american consumers. i'm a free trader. his response is he's going to u
malloy is connecticut. >> he's a republican. >> i know, i get all those guys mixed up. >> larry, it's david -- >> o'malley could be a spoil er in that race. >> getting back to republican candidates, what is your take on trump for criticizing nabisco for moving nabisco to mexico -- whi >> which is not true. >> yes, which is not true. when you talk about free markets, is he somebody you would support? >> look, i have endorsed his business tax cut...
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Nov 28, 2016
11/16
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and people's united bank of connecticut, i mean, they make a fortune -- i mean, the rate hikes are so positive that to get ahead of these bank stocks and downgrade them, mistake. just a mistake. you'll never get back in them -- >> i think to your point it's interesting, i think a lot of people are looking for some help here in terms of direction. >> yes. >> because we've had an unexpected rally of significance. >> yes. >> and we're now heading in deeper into the transition. and then we will get obviously a new administration. and what can we really expect? and what do i do? is this all follow-through? is it all simply one long positive continuing for stocks? there's got to be something there that starts to say, wait a second, either things are getting a little too rich in terms of multiple, or expecting too much in terms of all the tax reform, the rollback of regulations. >> right. >> and/or there's going to be volatility in other parts of the administration. >> oh, look, can we add -- >> and trade and so many things like that. >> just a few moments ago trump tweets, if cuba's unwilli
and people's united bank of connecticut, i mean, they make a fortune -- i mean, the rate hikes are so positive that to get ahead of these bank stocks and downgrade them, mistake. just a mistake. you'll never get back in them -- >> i think to your point it's interesting, i think a lot of people are looking for some help here in terms of direction. >> yes. >> because we've had an unexpected rally of significance. >> yes. >> and we're now heading in deeper into the...
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Dec 24, 2012
12/12
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fiscal cliff, hurricane sandy of course, that tragedy in newtown, connecticut, and, of course, all of this is weighing on this a little bit more than those slightly more intangible factors of home prices being on the upside. so i saw a lot of sales. i was out all day saturday and sunday in philadelphia, walnut street. i saw sales in ann taylor, express. most of the boutique stores that were out there, at least portions of the store were on sale. so to me that at least indicates the margins are going to be under a little bit of pressure certainly by the end of the year. >> we'll see what the new quarter brings. we'll see you in a few minutes. that was fantastic. >> got to keep up the traditions down there. >> absolutely. meanwhile, facebook shares on our radar. a tax story, bullish, endless note. >> hi, carl. according to the sunday times facebook reportedly funneled 440 million pounds or approximately 712 million dollars into a tax haven last year to avoid taxes in britain. now a facebook spokesperson in response says that facebook complies with all relevant corporate regulations incl
fiscal cliff, hurricane sandy of course, that tragedy in newtown, connecticut, and, of course, all of this is weighing on this a little bit more than those slightly more intangible factors of home prices being on the upside. so i saw a lot of sales. i was out all day saturday and sunday in philadelphia, walnut street. i saw sales in ann taylor, express. most of the boutique stores that were out there, at least portions of the store were on sale. so to me that at least indicates the margins are...
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Nov 20, 2012
11/12
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it's a hedge fund with officers in new york and connecticut and this case centers upon a gentleman who was arrested by the fbi at his florida home this morning. he allegedly got inside information about an alzheimer's drug on trial in 2006 and 2007 being conducted jointly and he passed on that information to said hedge fund resulting in the ill gotten gains and in the process committed securities fraud among other accusations. we'll bring you more details as we have in this news just out this morning and there's a press conference later today at about 12:30. we'll bring you details. >> all right. already a busy month. thank you for that. we'll see you later on today. >>> big box retailer best buy reporting weaker than expected numbers just days before the unexpected start to the holiday season. for how much longer will it cut into profits? you won't want to miss what meg whitman has to say about that quarter and the autonomy write off at 10:40 eastern time. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-8
it's a hedge fund with officers in new york and connecticut and this case centers upon a gentleman who was arrested by the fbi at his florida home this morning. he allegedly got inside information about an alzheimer's drug on trial in 2006 and 2007 being conducted jointly and he passed on that information to said hedge fund resulting in the ill gotten gains and in the process committed securities fraud among other accusations. we'll bring you more details as we have in this news just out this...
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May 1, 2014
05/14
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he's in hartford, connecticut today. phil, it's an important day and investors will need to know what it means. >> i think most investors are looking at this and saying we've seen this telegraphed for months in advance, we've known that mark fields, who was in the position of c.o.o., has essentially been rung the day-to-day operations at ford, at least for the last six to nine months, and before that he was taking on some of alan's responsibilities. so this transition has been telegraphed for months from ford. the question now is let's look beyond the next six months. because nothing's really going to change. and mark fields even said during today's announcement that nothing was going to change. but when you look out let's say a year, a year and a half, three years from now, does mark fields have the vision to lead ford to that next leg of growth? that's really the question that investors need to be asking themselves. and at this point i'm not sure if they are asking themselves that. we're not seeing any change in the sh
he's in hartford, connecticut today. phil, it's an important day and investors will need to know what it means. >> i think most investors are looking at this and saying we've seen this telegraphed for months in advance, we've known that mark fields, who was in the position of c.o.o., has essentially been rung the day-to-day operations at ford, at least for the last six to nine months, and before that he was taking on some of alan's responsibilities. so this transition has been telegraphed...
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Jan 5, 2010
01/10
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in stamford, connecticut, kevin kerr, president of kerr trading international. in toronto, jeff ruben, author of "why your world is about to get a whole lot smaller, eh?" and former cnbc chief economist. all right. we'll start with our canadian guest. why is the world going to get smaller? >> the world is going to get smaller because in a world of triple-digit oil prices, distance will cost money and it won't be economically viable for us to import $6 billion worth of food from china. so we're going to end up growing our own stuff. we're going to end up making our own stuff. because, as i say, distance is all of a sudden going to become a huge cost factor. >> what are we going to do, start tearing down houses because it becomes more valuable as farmland? >> well, it's all a function of prices. if food prices soar and suburban real estate prices fall, that's exactly what's going to happen. >> kevin, what do you think? >> i think he makes a good point. we have to move to a more localized world, where we are growing our food locally. all of this transporting of foo
in stamford, connecticut, kevin kerr, president of kerr trading international. in toronto, jeff ruben, author of "why your world is about to get a whole lot smaller, eh?" and former cnbc chief economist. all right. we'll start with our canadian guest. why is the world going to get smaller? >> the world is going to get smaller because in a world of triple-digit oil prices, distance will cost money and it won't be economically viable for us to import $6 billion worth of food from...
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Mar 17, 2010
03/10
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million worth of pharmaceuticals, pills, have been stolen from an eli lilly distribution center in connecticut. police say the crooks cut a hole in the roof in the center, then climbed down, took the drugs, apparently so many that they must have had a tractor-trailer. interestingly, they took antipsychotic and antidepressant drugs. they did not take narcotics. discover financial services will repay $1.2 billion. hartford financial services will repay $3.4 billion. they received those funds from the t.a.r.p. fund last year. applications for u.s. home loans fell last week, despite the fact that mortgage rates are at their lowest levels of the year. time is running out to cash in on the home buyer tax credit. that could have a wide-ranging impact on american housing, and cnbc's diana olick live in washington with more on that. diana? >> reporter: well, that's right, mark. the home buyers tax credit extension expires six weeks from friday, and the big question is will we see the same deadline surge that we saw in november when the tax credit originally expired? now, as you may recall, it was origi
million worth of pharmaceuticals, pills, have been stolen from an eli lilly distribution center in connecticut. police say the crooks cut a hole in the roof in the center, then climbed down, took the drugs, apparently so many that they must have had a tractor-trailer. interestingly, they took antipsychotic and antidepressant drugs. they did not take narcotics. discover financial services will repay $1.2 billion. hartford financial services will repay $3.4 billion. they received those funds from...
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Dec 8, 2016
12/16
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senate in the state of connecticut. but the most notable thing that donald trump did last night was continue his practice of using twitter as a weapon, this time targeting chuck jones, the local union leader in indiana who had questioned the extent and the impact of the carrier deal donald trump said, as you indicated earlier, he said that donald trump had exaggerated the number of jobs saved. now, this is consistent with what donald trump did earlier in the week with boeing going after them after their chief executive had expressed doubts about donald trump's trade policies. now, so far if you look at the public opinion polls, the public is liking what donald trump is doing. he is trending up. he now has a favorable rating that exceeds his unfavorable rating. that was not the case for most of the year. look at these numbers from "the huffington post" averages, 49 to 46 in positive territory for donald trump. but there are some conservative voices beginning to raise questions about the way donald trump is approaching th
senate in the state of connecticut. but the most notable thing that donald trump did last night was continue his practice of using twitter as a weapon, this time targeting chuck jones, the local union leader in indiana who had questioned the extent and the impact of the carrier deal donald trump said, as you indicated earlier, he said that donald trump had exaggerated the number of jobs saved. now, this is consistent with what donald trump did earlier in the week with boeing going after them...
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Nov 21, 2012
11/12
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after the closing bell at 4:00, i'm told he had a meeting with employees in connecticut and talked to them about what was going on and said essentially, look, we've been down this road before. s.e.c. or former employees have been in the crosshairs of federal prosecutors for a number of years as they looked at that firm and others in terms of nmsder trading cases. we said, we're accustomed to this. we're going to move forward. one thing he pointed out s.a.c. changed their legal structure if there are lawyer fees, cohen personally will pay those bills rather than have investors pay it. to the extent possible, i think it's very much business as usual. of course, this is an unpleasant distraction. >> certainly is. thank you very much. kate kelly. >>> breaking news on crude oil inventories. we'll go to sharon epperson from the nymex. >> we are getting the latest report from the energy department on crude supplies. we are seeing a decline across the board. crude oil supplies decline by 1.5 million barrels last week. gasoline supplies down by 1.5 million barrels. distill fuel supplies down b
after the closing bell at 4:00, i'm told he had a meeting with employees in connecticut and talked to them about what was going on and said essentially, look, we've been down this road before. s.e.c. or former employees have been in the crosshairs of federal prosecutors for a number of years as they looked at that firm and others in terms of nmsder trading cases. we said, we're accustomed to this. we're going to move forward. one thing he pointed out s.a.c. changed their legal structure if...
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Aug 22, 2016
08/16
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called make america number one and a $75,000 donation from robert bishop who runs the hedge fund in connecticut. but some of the big names acting as trump's economic advisers including, for example, carl icahn and john paulson were notably absent at least for the month of july in the filings we've seen. icahn has given $58,000 for a pack called trump victory and won't publish new documents covering this month for a while yet. but paulson shows up nowhere again in the fooul filings. the only other hedge fund contribution of note that i saw based on a spot check over the weekend vince, an icon associate official gave $200 bringing his total to one of the trump packs to $1,050. some of these are made on paper and takes a while to upload them and then the issue of the quarterly filings so we haven't seen everything yet as well as the fact that there could be indirect contributions that benefit trump, the republican national committee. caveats. john paulson as well, gave $250,000 reportedly as part of co-hostinging an event in june but that was beyond the scope of what i was looking at over the week
called make america number one and a $75,000 donation from robert bishop who runs the hedge fund in connecticut. but some of the big names acting as trump's economic advisers including, for example, carl icahn and john paulson were notably absent at least for the month of july in the filings we've seen. icahn has given $58,000 for a pack called trump victory and won't publish new documents covering this month for a while yet. but paulson shows up nowhere again in the fooul filings. the only...
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Feb 27, 2014
02/14
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. >> well, carl, it's important to obviously hartford and to connecticut and the tournament here. we've had a great eight years with travelers. and i think the main message today is with the ten-year commitment, it shows that the travelers and the business community has a strong and very positive view of the future of the game, the future of our sport and that says a lot in the marketplace. so, from that standpoint it's very positive. and to continue this partnership with a sponsor that's very involved in the tournament really pushes the envelope to make it as good as it can be is also great. so, we are very, very pleased this morning. >> carl, golf is unique. professional golf is unique in that it's only the professional sport where 100% of the proceeds go to charity. nobody else does that. over the seven years we've been involved here we've contributed over $7 million to local charities. principle beneficiary being hole in the wall camp for sick kids and it supported hundreds of charities along the way. good for golf. good for the community. good for the charity that we support.
. >> well, carl, it's important to obviously hartford and to connecticut and the tournament here. we've had a great eight years with travelers. and i think the main message today is with the ten-year commitment, it shows that the travelers and the business community has a strong and very positive view of the future of the game, the future of our sport and that says a lot in the marketplace. so, from that standpoint it's very positive. and to continue this partnership with a sponsor that's...
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May 1, 2013
05/13
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if your horse is a little more discriminating, here is an estate in fairfield county, connecticut, that spans 154 achers and has a 10,000 square foot house, 8,000 square foot barn crafted in rare butternut wood design by a famous architect. the stables have a picture window looking out over the man made waterfall and the grounds have five miles of horse trails. the price for all that, $42 million. carl and simon, you'd have to win a lot of kentucky derbies to make that money back. >> wow! >> i can understand, robert, why you would leave the horses and waterfalls behind if you were leaving, but why would you leave 2,000 bottles of wine. surely, you would take those with you. >> what's amazing is the prices for these houses and these equestrian estates really crashed during the recession. these among the most discretionary types of real estate along with vineyards and prafrnes. a lot of foreign buyers and middle east buyers are coming into this market and they like their horses and like their wine. >> it worked for tony soprano. >> for those of us with young daughters, david. a couple of
if your horse is a little more discriminating, here is an estate in fairfield county, connecticut, that spans 154 achers and has a 10,000 square foot house, 8,000 square foot barn crafted in rare butternut wood design by a famous architect. the stables have a picture window looking out over the man made waterfall and the grounds have five miles of horse trails. the price for all that, $42 million. carl and simon, you'd have to win a lot of kentucky derbies to make that money back. >> wow!...
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Oct 22, 2012
10/12
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we know he wants to build more submarines, big piece on the times over the weekend about connecticut and how even they are wondering, okay, it'd be great having new business, but can the country afford it? how does the governor balance that leading not from behind so to speak but also keeping the fiscal realities in mind? >> well, we have to find ways to do it. and by bringing the economy back, reducing unnecessary government spending, by allowing the american economy to expand to grow to break loose, if you will, by taking away unnecessary regulations, reducing marginal tax rates, that's the way governor romney's going to do it. just as ronald reagan did during the 1980s. as the economy grows, that provides the resources, revenues you need to complete the military build-up. we can't just isolate ourselves and say we're going to do this at home and not abroad or abroad and not at home, it depends on a strong american economy and a strong american presence overseas. coming from new york, i saw what happened when both parties for that matter looked the other way when it came to islamic
we know he wants to build more submarines, big piece on the times over the weekend about connecticut and how even they are wondering, okay, it'd be great having new business, but can the country afford it? how does the governor balance that leading not from behind so to speak but also keeping the fiscal realities in mind? >> well, we have to find ways to do it. and by bringing the economy back, reducing unnecessary government spending, by allowing the american economy to expand to grow to...
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Jan 14, 2014
01/14
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tom, thanks for making the trip down here from connecticut. >> thank you, david, glad to be here. >> time warner cable said we've been to the table with you and guys and we give you $160 a share, that's what deals get done at. pay 160 bucks a share and we're yours. why not do that? >> well, for one, we've been at this quite a while as you know and when we first approached them, more than six months ago, their stock was trading $96 and it's almost run up 40% since we initially approached them. and we think that we've been at this process a while. working toward the price that we've gotten to. and that it's a rich and fair offer. >> why is $132 let's call it that a rich and fair offer? they say it's seven times and they point out that charter trades at 9.2 times ebita, but a higher multiple than you're willing to pay to take control of that company. why does that seem fair? >> when you think about what's been going on, since we started talking to time warner cable they lost more than half a million customers. it's a troubled situation. and we think when you look at the cash component t
tom, thanks for making the trip down here from connecticut. >> thank you, david, glad to be here. >> time warner cable said we've been to the table with you and guys and we give you $160 a share, that's what deals get done at. pay 160 bucks a share and we're yours. why not do that? >> well, for one, we've been at this quite a while as you know and when we first approached them, more than six months ago, their stock was trading $96 and it's almost run up 40% since we initially...
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Jun 3, 2013
06/13
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. >> it's a tense day at stanford, connecticut, where they're collecting redemption notices from collectors who want to pull their money from the $15 billion hedge fund. expectations are that the company will lose a significant portion of its roughly $6 billion in outside capital, more than the 1.7 billion that it lost in the first quarter. these pullbacks come amid a darkening legal picture for sec which has seen one current and one former trader indicted in the past year and subpoenas to provide information on alleged trading activities. the vast majority of sac's capital belongs to founder steve cohen who has invested much of his personal fortune estimated to be $9 billion in the hedge fund, but sac's outside capital is a symbolic measure in the alternative investment world where it has been one of the most sought after hedge funds. investors have shied away from the yej battembattled firm from cohen or the corporation itself. some like skywood have said they'll stay on and their biggest outside investor and the private equity firm blackstone stands for the second time this year and othe
. >> it's a tense day at stanford, connecticut, where they're collecting redemption notices from collectors who want to pull their money from the $15 billion hedge fund. expectations are that the company will lose a significant portion of its roughly $6 billion in outside capital, more than the 1.7 billion that it lost in the first quarter. these pullbacks come amid a darkening legal picture for sec which has seen one current and one former trader indicted in the past year and subpoenas...
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Nov 8, 2013
11/13
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we're about 25,000 feet above connecticut right now. from newark. and this essentially the new gogo text and talk service. it's brought to the airlines in the u.s. in the first quarter of next year. now, they believe that most airlines in the u.s. will say, you know what, we don't want people talking on phones. so that's likely not going to happen. but you will be able to text, and that's a feature that gogo thinks will be very attractive to people who want to use their own phones to stay connected with family, friends, or to the office. and this text-and-talk feature, which they are rolling out in the u.s. is already being used on corporate jets throughout the world, and gogo has had a big response from the corporate market, because people are saying, i want to stay connected when i'm in the air, and this is proof you can do that. >> i wonder, phil, if you can give it a try, if you can try to text us here on set, actually, from 20,000 feet in the air, where you are right now. >> well, i will do that, as soon as i get off of the phone. you can talk
we're about 25,000 feet above connecticut right now. from newark. and this essentially the new gogo text and talk service. it's brought to the airlines in the u.s. in the first quarter of next year. now, they believe that most airlines in the u.s. will say, you know what, we don't want people talking on phones. so that's likely not going to happen. but you will be able to text, and that's a feature that gogo thinks will be very attractive to people who want to use their own phones to stay...
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Jan 8, 2014
01/14
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we had the tragedy in connecticut. he jumped the gun and wanted to be the first out of the gate. this time he wasn't the first out of the gate, but he certainly didn't want to be left behind. >> what about also the election of -- what about the election of mayor deblasio in new york? he has become the spokesperson for the far left and maybe he wants to catch a little of that wind? >> i think deblasio's win is pushing the governor a little bit further. but clearly, he's trying to keep his national image as a liberal icon. >> of course, you mentioned colorado where you could argue, i suppose, it's a slippery step from medical to recreational. is that what you think would happen to new york? >> that's exactly what i'm -- you know, the governor had his health department study for fast past five years. they haven't come out with a determination. but yet the governor was opposed to medical marijuana last year. he didn't have a study to see what the benefits of this experiment is going to be. and i think it's just the beginning of the slippery slope to move down the road and realize the
we had the tragedy in connecticut. he jumped the gun and wanted to be the first out of the gate. this time he wasn't the first out of the gate, but he certainly didn't want to be left behind. >> what about also the election of -- what about the election of mayor deblasio in new york? he has become the spokesperson for the far left and maybe he wants to catch a little of that wind? >> i think deblasio's win is pushing the governor a little bit further. but clearly, he's trying to...